Factoring Company- Glossary > Factoring Terms > Factoring


Search the FAQ for entries containing:

A form of accounts receivable (invoice) financing involving the sale of accounts receivable to a factoring company either with or without recourse. Factoring can be on a notification or non-notification basis. In a notification agreement, the seller's customers will make payment directly to the factor. A credit check is usually made on the seller's customer; so the factor can serve as a credit information resource for the seller.

Last updated on September 26, 2009 by FACTOR KING, LLC